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74 articles

July 2024

Mocaverse leads NFT sales as MOCA airdrop begins

Mocaverse tops daily NFT sales, followed by CryptoPunks and DMarket, with Ethereum blockchain seeing a significant daily increase.

Trader Roaring Kitty sued over GameStop stock frenzy

Keith Gill, known as Roaring Kitty, faces a lawsuit alleging his social media activity fueled GameStop’s stock volatility.

June 2024

Kraken co-founder backs Trump with US$1 mln crypto donation

Jesse Powell donates US$1 million in crypto to Trump’s presidential campaign.

Coinbase sues SEC and FDIC for clarity on crypto rules

Cryptocurrency exchange Coinbase takes legal action against U.S. regulators for transparency and fair regulation.

Bitcoin drops below US$60,000 as Mt. Gox repayment looms

Bitcoin’s plunge below $60,000 leads to more than US$300 million in market liquidations, with potential for further declines amid Mt. Gox repayments.

Consensys persists in SEC lawsuit for crypto clarity

Ethereum firm Consensys continues its legal battle with the SEC for clear crypto regulations, despite the regulator ending its Ethereum 2.0 probe.

Stablecoins poised to claim 10% of global economy by 2034, says Circle CEO

Circle CEO Jeremy Allaire predicts a surge in stablecoin adoption, potentially reshaping finance.

Binance fined US$2.25 mln by India for AML breaches

India’s FIU imposes a record fine on Binance for anti-money laundering regulation non-compliance.

Ripple challenges SEC’s US$2 bln fine, cites Terraform precedent

Ripple Labs Inc. seeks a reduced fine from the SEC, arguing for a penalty similar to Terraform Labs’ settlement.

MicroStrategy to boost Bitcoin holdings further with US$500 mln bond sale

MicroStrategy announces a half billion dollar bond sale to fund additional Bitcoin acquisitions.

Terraform Labs to dissolve following US$4.47 billion settlement

Terraform Labs and ex-CEO Do Kwon to pay billions in SEC fraud settlement, marking one of the largest penalties in U.S. history.

Friend.tech to leave Base for own blockchain

Friend.tech’s transition to a proprietary blockchain, Friendchain, prompts user concerns and market fluctuations.

Binance to limit certain stablecoins to comply with EU crypto rules

Binance to limit non-compliant stablecoins under EU’s MiCA regulation.

Dapper Labs settles NBA Top Shot NFT lawsuit for US$4 mln

Blockchain firm Dapper Labs resolves a legal dispute over NBA Top Shot NFTs with a $4 million settlement.

May 2024

PayPal’s PYUSD stablecoin lands on Solana

PayPal’s PYUSD stablecoin is now available on Solana, promising faster and more cost-effective transactions.

Tech giants team up against online dating scams

Major tech companies form a coalition to tackle the surge romance and crypto scams.

Grayscale Investments names Peter Mintzberg as CEO

One of the world’s largest digital currency asset management company has changed CEOs.

Tornado Cash crypto mixer developer gets 64 months in prison

Dutch court convicts Tornado Cash creator for aiding in crypto crimes.

Coinbase outage hampers Bitcoin trading amid price swings

Crypto exchange Coinbase suffers a major outage, affecting traders during Bitcoin volatility.

FTX outlines plan to repay creditors in full with interest

FTX Trading Ltd. proposes a strategy to settle over US$14 billion in debts, aiming to fully compensate creditors.

Binance CEO calls for release of executives detained in Nigeria

Binance CEO demands freedom for compliance officer held on illegal transaction charges in Nigeria.

Robinhood to challenge SEC’s notice over crypto operations

Robinhood’s digital assets division becomes the SEC’s latest legal opponent.

Binance ex-CEO Changpeng Zhao sentenced for money laundering

Changpeng Zhao receives a 4-month prison term and a $50 million fine for laundering violations.

April 2024

Stripe reopens crypto payments with USDC focus

Stripe reenters the crypto market, enabling stablecoin transactions for merchants.

Ex-Binance CEO faces 3-years prison and millions in fines

Changpeng Zhao, the former CEO of Binance, may receive a 3-year sentence and $50M fine for anti-money laundering violations.

Binance converts US$1 bln fund; eyes India comeback after obtaining Dubai license

Cryptocurrency giant Binance converts $1B safety fund to USDC, signaling a strategic move to enhance transparency and re-enter the Indian market.

FTX’s Bankman-Fried appeals 25-year sentence

Disgraced FTX founder Sam Bankman-Fried challenges his prison term and seeks New York confinement during the appeal.

Cardano set for major governance and scalability upgrades

Cardano’s upcoming upgrades aim to enhance network governance and transaction efficiency.

Binance exec refutes Nigeria laundering claims

Binance’s Tigran Gambaryan pleads not guilty to money laundering in Nigeria, faces remand.

Coinbase to launch Worldcoin, Ordinals futures

Coinbase gears up to offer new altcoin futures next week to expand its perpetual offerings.

Coinbase accelerates Bitcoin trades with Lightning Network

Coinbase teams up with Lightspark to offer faster, cheaper Bitcoin transactions via the Lightning Network.

March 2024

Binance faces ban in Philippines

Binance gets blocked by Philippines financial watch dog as the exchange drops Tron USDC.

Yield Guild Games expands on Ronin with token launch

Yield Guild Games (YGG) has launched its token on the Ronin network, aiming to attract more gamers to its Web3 ecosystem.

BlackRock launches BUIDL fund for digital yield

BlackRock’s new blockchain fund, BUIDL, offers USD yields through tokenization, in partnership with Coinbase.

Binance Labs spins off as independent US$10 bln VC fund

Binance Labs, the venture capital arm of Binance, has become an independent entity with a portfolio worth over $10 billion.

Terraform Labs retains Dentons as legal counsel amid bankruptcy

Bankrupt Terraform Labs secures court approval to hire Dentons for legal representation, despite SEC objections.

MakerDAO to launch ‘Endgame’ phase with new tokens this summer

MakerDAO’s Endgame plan introduces new tokens and features to enhance user engagement and target mass adoption.

Coinbase launches US$1 bln bond offering

Cryptocurrency exchange Coinbase Global, Inc. is set to raise US$1 billion through a bond sale.

Ex-Binance CEO’s passport confiscated ahead of sentencing

Changpeng Zhao must surrender Canadian passport and stay in the U.S. as part of revised bail conditions.

Pantera Capital targets US$250 mln Solana purchase from FTX assets

Crypto firm Pantera Capital aims to acquire $250 million in Solana tokens from bankrupt FTX’s holdings at a significant discount.

MicroStrategy boosts Bitcoin bet with US$700 million debt offering

MicroStrategy increases its convertible debt offering to US$700 million to fund additional Bitcoin acquisitions, reflecting confidence in cryptocurrency.

SEC presses court over Binance.US compliance issues

The SEC alleges Binance.US has not fully complied with information requests regarding customer assets.

FTX cautions against unauthorized asset sales

FTX warns public about unauthorized parties soliciting bids for its digital assets, reaffirming Galaxy Asset Management’s exclusive role.

Gemini to reimburse US$1.1 bln to Earn customers after settlement

Gemini exchange reaches a settlement to return funds to users affected by the Genesis bankruptcy.

February 2024

MetaMask boosts security with Blockaid’s privacy module

MetaMask partners with Blockaid to enhance security for over 30 million users.

Animoca brings 3 crypto wallets onto its Mocaverse network

Animoca Brands announces partnerships with OKX Wallet, Crypto.com DeFi Wallet, and Halo Wallet, elevating the user experience in the Mocaverse network.

Binance founder’s court date pushed back to April 30

Zhao has pleaded guilty to money laundering charges in November.

Montenegro court overturns extradition of Terra founder Do Kwon

International tug of war over Kwon’s fate takes a new turn with Montenegro court’s reversal on extradition.

Jack Dorsey’s BlueSky now open for all

BlueSky, the decentralized social media platform by Jack Dorsey, opens its doors to the public.

Yuga Labs’ payout from Ripps and Cahen raised to nearly US$9 mln

Ryder Ripps and Jeremy Cahen must pay almost US$7 million in Yuga Labs’ attorneys’ fees, court documents show.

Genesis proposes US$1.6 bln asset sale amid bankruptcy

Genesis, in bankruptcy, seeks court approval to sell Bitcoin and Ether trust assets worth US$1.6 billion.

OPNX exchange to cease operations

OPNX, founded by Su Zhu, ceases operations due to FTX estate’s recovery claims.

US charges trio in FTX crypto exchange hack

The mystery of the FTX hack unfolds as the DOJ charges three unnamed suspects for the US$400 million theft in November 2022.

Bybit eyes Hong Kong license: crypto expansion plans

Crypto derivatives exchange Bybit seeks to enter Hong Kong’s market with a new license application.

Celsius Network’s US$3 bln repayment begins

Celsius Network starts repaying $3 billion to creditors, marking a step towards resolving its bankruptcy.

FTX expects to repay customers, no exchange relaunch

FTX plans to repay customers amid bankruptcy proceedings, rules out exchange relaunch.

BNB Chain highlights DeFi, gaming and AI in 2024 roadmap

The “One BNB Paradigm” aims to streamline BNB Chain’s ecosystem, focusing on DeFi, gaming, and AI.

January 2024

Transak streamlines crypto conversions with Visa Direct integration

Transak integrates with Visa Direct to simplify crypto-to-fiat transactions globally.

Solana-based GameStop meme coin gains traction after retailer pulls plug on crypto

A GME-themed meme coin, not affiliated with the video game retailer GameStop, is replicating the company’s meme stock frenzy on the Solana blockchain.

SEC postpones verdict on Grayscale’s spot Ether ETF

Ether ETF hopefuls on hold as SEC postpones decision.

JPMorgan downgrades Coinbase to underweight

Analysts at JPMorgan slash Coinbase rating to underweight, questioning ETF impact.

Mt. Gox confirms addresses for BTC repayment plan

Long-awaited Bitcoin repayments closer as Mt. Gox confirms creditor addresses.

Dogecoin soars to weekly peak amid X Payments buzz

Speculative X Payments chatter triggers Dogecoin’s sharp rise.

Terraform Labs Seeks U.S. bankruptcy shield

Do Kwon-founded Terraform Labs files for Chapter 11 bankruptcy in the U.S.

Polygon’s MATIC stirs as US$26 mln moved to exchanges

Celsius Network’s move of US$26 million in MATIC to exchanges raises eyebrows amid market volatility.

CoinShares acquires Valkyrie expands ETF offerings

With the acquisition of Valkyrie Funds, CoinShares aims to strengthen its position in the competitive ETF market.

Hedera, Algorand unite for wallet recovery

The DeRec Alliance, involving HBAR and Algorand Foundations, aims to solve digital asset recovery challenges with a new protocol.

USDC issuer Circle attempts public listing again: report

With the filing for an IPO, Circle aims to capitalize on the growing interest in crypto assets, despite recent industry setbacks.

Apple removes Binance, KuCoin apps in India

Major crypto exchanges vanish from Apple’s App Store in India, adhering to FIU mandates.

BNB Chain Fusion may unify BEP-2 and BEP-20 by 2024

BNB Chain’s merger plans aims for a seamless and secure blockchain by April 2024

Upbit Singapore secures coveted MPI license

Upbit joins 15 other crypto firms permitted to provide digital payment token services in Singapore.

November 2023

MakerDAO’s Christensen wants to make DAOs fun again. He’s not alone.

Projects are rethinking how to make DAOs more fun and less disappointing.